I personally prefer this image to be in colour, but Black and White is an option. Also note that everyone has their own ideas so mine may neccessarily not be the best. Some may find the blacks in the colour image too heavy.

Ok, for the colour image I did these steps:

Boost Levels and Curves for contrast boost
Duplicate the layer, set to Multiply Mode. Duplicate layer again, set layer to pin light mode
On the first layer, convert image to Black and white.

Then for the Black and white image, I converted using the Lab Colour method. If you're not familiar with this I would suggest using the desaturate feature to make to black and white. However I find this gives a flat image. If you're familiar with Lab then this is how I converted to black and white:

Image > Mode > Lab Colour
In the channels window select the Lightness Layer, and copy the image.
Convert image back to RGB colour
In the channels window, paste into each channel (excluding the one that says RGB)
Boost levels and curves as neccessary to boost contrast.

Hopefully thats shown you some possibilities?

I would also advise shooting in RAW format if you don't already - helps expand possibilities easier in my opinion.

WOW THe first one is amazing, thanks for the tutorial too, im currently using photoshop elements 2.0 lol im going to upgrade to 7, I imagine a similar affect can be done in elements?

I do shoot in RAW also but im still learning, this image has really inspired me

Thankyou very much for your time and help,

Glad you found my processing helpful.

Of course the key to photography is being able to take a picture that requires little processing

I've never used elements so I'm not so sure how the setup works. I'm using photoshop CS4. Wow, Photoshop 7 - that's a really old version, think that was the first version of Photoshop I started to use which was about 6ish years ago!

As indicated by others here, there are some post processing that may make your image a little more enticing.

The overall composition is a little bland though. If you think of it as a vehicle shot - the approach that car-enthusiasts take, may show some alternate approaches. If you think of it as a grungy agrarian tool that's seen weathering and wear, another approach may come to you.

What I feel holds the picture back is the angles. You may have tried to cover too much in the frame. Excluding the sky and anything else than the tractor might offer something that draws more interest.

Examining why you want to take this picture - what you want to accomplish with it, may be a way to convey some of the same interest you feel about it.